Bradesco, one of the most sought-after private banks recently underwent a number of developments when the former chairman of the company decided to retire. For a few months, the company did not have a President because of the string of managerial changes, but earlier this month, the company finally made an announcement instating a number of people in power. As part of this announcement, Octavio De Lazari Junior was promoted to the position of President of the company. He will be taking over the position which was previously held by Luiz Carlos Trabuco, who will now be taking over the position of Chairman of the company.
Luiz Carlos Trabuco will, however, retain the position of President of the Board of directors and will continue to perform all of his functions until the new president of the company will be allowed to take over. Trabuco will be relieved of his positions as the President of the company when the shareholders meeting will be held. This event will also be when Octavio de Lazari will officially take over as the President of the company.
Contrary to what one would believe, Lazari was not one of the first choices for the board of directors according to g1.globo.com. The company was in favor of Mauricio Minas, who was responsible for the technology department of the company. However, Lazari provided better overall credentials and was seen as a better fit for the overall development of the company.
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Trabuco has already been performing the operations of chairman of the company and has been doing it along with being the President as well. Bradesco appointed Trabuco to the position of CEO back in 2010. During this time, Bradesco stood as the second largest private bank in the country of Brazil. Trabuco wanted to be able to better the services that the company had been offering its customers, which is why he focused on client-based development over other options.
Trabuco started working for Bradesco when he was still a teenager who had just passed out of school. He got a job working at a bank of Bradesco. He worked as a bank teller during his initial years but knew that he would have to work hard if he wanted to progress in the company and attain better positions. He spent a considerable amount of years working at different positions before he was given the role of CEO of Bradesco Seguros, which is one of the subdivisions of Bradesco. This division mainly dealt with the field of banking and insurance and developed immensely under the guidance of Trabuco. He implemented several positive developments that helped the company grow immensely. Seeing the success and positive impact that he had on the company, he was promoted to the position of President of Bradesco and now as Chairman of the bank.
Having worked his way up the ranks, and at various different positions, he knew exactly what the company needed to be able to grow. He has received numerous awards for his role at the company, and for the development that he has contributed to at Bradesco.
Learn more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5153264/bradesco-novo-presidente-saira-do-corpo-executivo-afirma-trabuco